#Vaulta Web3 Banking System
Long-standing issues in the cross-border payment sector include high fees (traditional bank remittance rates reach 5%-10%), slow speeds (3-5 days), and reliance on traditional financial institutions.
VirgoPay's solution: By using stablecoins and blockchain technology, we reduce fees by 70% and shorten the time to just a few minutes, directly addressing industry pain points with clear market demand.
Complementary resources of both parties:
Vaulta's technological advantage: Provides high-performance blockchain infrastructure (instant transaction finality, low fees), which is the core infrastructure of the Web3 bank.
Virgo's compliance and user base: As a regulated platform in Canada, it has processed over 2.5 billion CAD in transactions, possessing payment channel resources and compliance experience.
Synergistic effect: Vaulta's technology + Virgo's implementation capability could quickly open the market.
Potential market size:
The global cross-border remittance market targeted by the collaboration is expected to exceed 1 trillion USD by 2029, and capturing just 1% market share could generate billions in cash flow.
Strategic significance:
For Vaulta: This is its first major application case in transforming from a public chain to a Web3 bank, validating technological feasibility.
For Virgo: Expanding from an exchange to payment services enhances user stickiness and revenue sources.